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. >>> and with america less than two months from hitting the fiscal cliff, house speaker john boehner says don't expect a permanent fix from this lame duck congress. in an exclusive interview with cnn, speaker boehner says the best we can hope for is something temporary. >> lame duck congresses aren't known for doing big things. and lame duck congresses probably shouldn't do big things. so i think the best you can hope for is some kind of a bridge. some kind of a temporary push back of the sequester and then we have the debt limit right behind it in february. so i would think that will be the best you could hope for. and even that is going to be very difficult to do. >> congress faces an end of the year deadline before spending cuts kick in and tax breaks begin to expire. sunday night football action. the atlanta falcons beat the dallas cowboys 19-13. atlanta is now the only undefeated team in the nfl. and they did it the hard way on the strength of four field goals from matt bryant. >>> coming up, husrricane sandy could have a big effect on election day. we'll take you to a high scho
. >>> and with america less than two months from hitting the fiscal cliff, house speaker john boehner says don't expect a permanent fix from this lame duck congress. in an exclusive interview with cnn, speaker boehner says the best we can hope for is something temporary. >> lame duck congresses aren't known for doing big things. and lame duck congresses probably shouldn't do big things. so i think the best you can hope for is some kind of a bridge. some kind of a temporary push...
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we were told though by the white house this evening he'll make a statement on the fiscal cliff tomorrow but as far as what we know right now the administration says the president has already laid out his plan. it's a plan he says would cut the deficit by $4 trillion over the next ten years. it's also a plan those, that we've told you before doesn't add up. so something has to give. and someone needs to take the helm. last night here on "outfront" we tried to find out from chris van hollen what the president's role would be on the fiscal cliff. >> that remains to be seen exactly who will be the negotiate or negotiators. the white house has to be engaged. the president will make clear as he did in his acceptance speech last night we need to compromise. i think the president will be directly involved. >> directly involved but not clear what his role would be. will the president take the lead? here's the thing. americans want answers soon. today i overheard a major democratic fundraiser and lobbyist ben barnes saying this to a high ranking member of leadership. i'll tell you we better be in
we were told though by the white house this evening he'll make a statement on the fiscal cliff tomorrow but as far as what we know right now the administration says the president has already laid out his plan. it's a plan he says would cut the deficit by $4 trillion over the next ten years. it's also a plan those, that we've told you before doesn't add up. so something has to give. and someone needs to take the helm. last night here on "outfront" we tried to find out from chris van...
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alternative to going over the fiscal cliff. by working together and creating a fairer, simpler, cleaner tax code, we can give our country a stronger, healthier economy. a stronger economy means more revenue, which is what the president seeks. >> this isn't something that i'm going to draw the lines in the sand, he's not going to draw any lines in the sand, i don't believe, and i think we need to work together. >> the ceo of a global asset management firm put the odds at 30 to 40% that the u.s. will fall off the fiscal cliff. let's hope he's wrong. >>> governor john hickenlooper of colorado says don't break out the cheetos or the goldfish, at least not yet, after voters passed a ballot measure legalizing the recreational use of marijuana. that's setting up a looming legal battle with the justice department. we have this statement from the dea. "the drug enforcement administration's enforcement of the controlled substances act remains unchanged. the department of which is is reviewing the ballot initiatives and we have no additio
alternative to going over the fiscal cliff. by working together and creating a fairer, simpler, cleaner tax code, we can give our country a stronger, healthier economy. a stronger economy means more revenue, which is what the president seeks. >> this isn't something that i'm going to draw the lines in the sand, he's not going to draw any lines in the sand, i don't believe, and i think we need to work together. >> the ceo of a global asset management firm put the odds at 30 to 40%...
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hit the fiscal cliff. >> gone too soon. a mexican-american singing superstar killed as a small plane plunges into a mountain range. >> just devastated for them. i'm really feeling for them. >> raw and emotional. two radio hosts talk about the family of the nurse who took her own life after getting duped by their prank call. >>> good morning, to you. welcome to "early start." welcome back, mr. berman. >> it is great to be here. i was on vacation for a week. now i'm back. i'm john berman. it is 5:00 a.m. in the east. i am feeling that. but this, they are talking for the first time in over three weeks. president obama and house speaker john boehner looked each other in the eye and actually had a conversation. now that's a really big deal when it comes to the fiscal cliff crisis. because in just 22 days americans face severe tax hikes and spending cuts unless these two leaders can find a way to compromise. now neither side would discuss specifics about their conversation. but after yesterday's white house meeting, a spokesman f
hit the fiscal cliff. >> gone too soon. a mexican-american singing superstar killed as a small plane plunges into a mountain range. >> just devastated for them. i'm really feeling for them. >> raw and emotional. two radio hosts talk about the family of the nurse who took her own life after getting duped by their prank call. >>> good morning, to you. welcome to "early start." welcome back, mr. berman. >> it is great to be here. i was on vacation for a...
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when i have to deal with that first big set of issues, the fiscal cliff. you know what, i want paul ryan. he knows those issues. and he can give me cover with conservatives when i don't want to go as far as they do. so, you know, perhaps it was more about a governing choice than the election. but, look, there's nothing in mitt romney's background. we've known a lot about this guy. there's nothing in his background that suggests that this set of ideas and this philosophy is sort of in his dna. you know what i mean, piers? this isn't who he was as a governor of massachusetts. this isn't even really who he was on the campaign trail last year. remember, he was pushed into adopting the ryan plan. so i'm still a little -- i'm surprised by it. but, you know, that's what makings it a great pick. >> there's a new cnn poll out on august 7. it said, presidential debates are the thing that people find most important to their vote now. 57%. the vp choice, 46%. the vp debates, 25%. so it may be that although it matters a lot to the media that the american public actuall
when i have to deal with that first big set of issues, the fiscal cliff. you know what, i want paul ryan. he knows those issues. and he can give me cover with conservatives when i don't want to go as far as they do. so, you know, perhaps it was more about a governing choice than the election. but, look, there's nothing in mitt romney's background. we've known a lot about this guy. there's nothing in his background that suggests that this set of ideas and this philosophy is sort of in his dna....
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cliff? you've already seen, there is much debate about this, and many people on the left, paul krugman in the "new york times" is saying do not make a deal just for the sake of making a deal, hold out and call the republicans' bluff. >> well, i think that this election set this up as one in which the president won on the basic argument that taxes needed to go up, particularly for the wealthiest americans, they need to pay a little bit more to try to solve the deficit problem. and i think he's got to stick with that. the one thing he was clear about was that he wasn't going to sign a bill that extended high-end tax rates from the bush era. now, he's going to have to negotiate with the republicans. if they have ideas on how to raise taxes from that group, i'm sure he's willing to listen to them. but i think right now he can't -- he's got to be successful in creating this fiscal framework that gives him the revenue that he needs, to make the investment that he wants for the things like educatio
cliff? you've already seen, there is much debate about this, and many people on the left, paul krugman in the "new york times" is saying do not make a deal just for the sake of making a deal, hold out and call the republicans' bluff. >> well, i think that this election set this up as one in which the president won on the basic argument that taxes needed to go up, particularly for the wealthiest americans, they need to pay a little bit more to try to solve the deficit problem....
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they want to avert the year-end fiscal cliff that we've heard so much about. after they returned a gridlock congress to capitol hill and mr. obama to the white house, both the president and house speaker john boehner vowed to find some common ground. >> well, clearly the deficit is a drag in our economy and we can't continue to spend money that we don't have. i don't want p to box myself in. i don't want to box anybody else in. i think it's important for us to come to an agreement with the president but this is his opportunity to lead. >> i want to be clear, i'm not we hadd wedded to every detail of my plan. i'm open to compromise. i'm open to new ideas. i'm committed to solving our fiscal challenges. but i refuse to accept any approach that isn't balanced. >> joining us now is a man who knows all about bipartisanship and compromise. former senator george mitchell is joining us. you were majority leader from 1989 to '95 during a time when senators and house members were actually friends. and i mean those on opposite sides of the party. so do you think the pres
they want to avert the year-end fiscal cliff that we've heard so much about. after they returned a gridlock congress to capitol hill and mr. obama to the white house, both the president and house speaker john boehner vowed to find some common ground. >> well, clearly the deficit is a drag in our economy and we can't continue to spend money that we don't have. i don't want p to box myself in. i don't want to box anybody else in. i think it's important for us to come to an agreement with...
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cliff discussions. only 28% said they would behave like responsible adults. tonight, signs that maybe some adult behavior might be prevail. and a compromise might be reached. joining me now live is senior white house correspondent dana bash, jessica yellin and david gergen. what's the latest? what are you hearing? >> reporter: they are a long way from a deal. but late today speaker boehner and president obama did speak to one another on the phone. now, this is an important development because it's the first time they've talked in a week about the fiscal cliff. i am told, though, that there was no real progress in negotiations. in this sense there was no breakthrough on that central point of tax rates. as you know, president obama insists there is no deal unless the gop agrees to raise rates on the top 2% of earners. the gop says that's a nonstarter. and the two men have not moved from that basic position. now, all of this comes at the same time treasury secretary geithner also said for the first time th
cliff discussions. only 28% said they would behave like responsible adults. tonight, signs that maybe some adult behavior might be prevail. and a compromise might be reached. joining me now live is senior white house correspondent dana bash, jessica yellin and david gergen. what's the latest? what are you hearing? >> reporter: they are a long way from a deal. but late today speaker boehner and president obama did speak to one another on the phone. now, this is an important development...
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so, if you listen to house speaker john boehner, a compromise with democrats too avoid the fiscal cliff should be a cinch. yesterday the house speaker did tell abc news that he believes raising tax rates is unacceptable. and even though the president is insisting, the wealthy pay more, the speaker is sounding positive about getting a deal done. >> talk about all kinds of things we may disagree on. i'm the most reasonable, responsible person here in washington. the president knows this. he knows that he and i can work together. now the election's over. now it's time to get to work. >> boehner went on to say he would no longer prioritize a repeal of the president's health care reforms, calling obama care the law of the land. >>> so miami-dade is done but a handful of florida counties are still counting votes from tuesday's elections. time is about up, though. the counties have to report unofficial tallies to the state by noon tomorrow. the results will be certified november 20th. now cnn hasn't called florida yet. but democrats there already declared president obama the winner and mitt ro
so, if you listen to house speaker john boehner, a compromise with democrats too avoid the fiscal cliff should be a cinch. yesterday the house speaker did tell abc news that he believes raising tax rates is unacceptable. and even though the president is insisting, the wealthy pay more, the speaker is sounding positive about getting a deal done. >> talk about all kinds of things we may disagree on. i'm the most reasonable, responsible person here in washington. the president knows this. he...
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calling on congress to act about the fiscal cliff happens, which is going to happen at the end of the year when the bush era. tax cuts will expire and automatic spending cuts will trigger across the board. the house is expected to vote on bills addressing the cuts this week before congress goes on break which happens on friday. all of this brings us to chris van hollen, the ranking democrat and obama campaign surrogate. thanks for being with us. >> good to be with you, soledad. >> the democrats had passed the tax cuts passed in the senate last week. what do you think is the likelihood in the house a similar thing will happen? >> well, we would like it if our house republican colleagues would take up the president's plan, the plan that passed the senate last week, which would provide tax relief really to 100% of the american people compared to what the current law provides, 98% of the american repeople. the top 2% don't get twice as much. republicans in the house said they are going to prevent the tax relief from going forward unless they get the bonus tax break for folks at the top. i
calling on congress to act about the fiscal cliff happens, which is going to happen at the end of the year when the bush era. tax cuts will expire and automatic spending cuts will trigger across the board. the house is expected to vote on bills addressing the cuts this week before congress goes on break which happens on friday. all of this brings us to chris van hollen, the ranking democrat and obama campaign surrogate. thanks for being with us. >> good to be with you, soledad. >>...
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chief among them, reaching a deal to avoid the so-called fiscal cliff, a series of tax increases and spending cuts set to take effect next year. >> the zoidecisions confronting congress over the next four months are bigger than most of us have seen in our lifetime, i think, on the fiscal will matters at least. >> reporter: athena jones,s cnn, washington. >> hurricane sandy changes the rules for election day. some voters will now cast their ballots by e-mail and fax. how d? dumb luck? or good decisions? ones i've made. ones we've all made. about marriage. children. money. about tomorrow. here's to good decisions. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. and the candidate's speech is in pieces all over the district. the writer's desktop and the coordinator's phone are working on a joke with local color. the secure cloud just received a revised intro from the strategist's tablet. and while i make my way into the venue, the candidate will be rehearsing off of his phone. [ can
chief among them, reaching a deal to avoid the so-called fiscal cliff, a series of tax increases and spending cuts set to take effect next year. >> the zoidecisions confronting congress over the next four months are bigger than most of us have seen in our lifetime, i think, on the fiscal will matters at least. >> reporter: athena jones,s cnn, washington. >> hurricane sandy changes the rules for election day. some voters will now cast their ballots by e-mail and fax. how d?...
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cliff, and who he wants to see in the white house four years from now. to [ knock on door ] cool. you found it. wow. nice place. yeah. [ chuckles ] the family thinks i'm out shipping these. smooth move. you used priority mail flat rate boxes. if it fits, it ships for a low, flat rate. paid for postage online and arranged a free pickup. and i'm gonna track them online, too. nice. between those boxes and this place, i'm totally staying sane this year. do i smell snickerdoodles? maybe. [ timer dings ] got to go. priority mail flat rate boxes. online pricing starts at $5.15. only from the postal service. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. [ gordon ] for some thi
cliff, and who he wants to see in the white house four years from now. to [ knock on door ] cool. you found it. wow. nice place. yeah. [ chuckles ] the family thinks i'm out shipping these. smooth move. you used priority mail flat rate boxes. if it fits, it ships for a low, flat rate. paid for postage online and arranged a free pickup. and i'm gonna track them online, too. nice. between those boxes and this place, i'm totally staying sane this year. do i smell snickerdoodles? maybe. [ timer...
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talk about the fiscal cliff and how to move forward. of course, the other issue, and you heard nick touch upon this, is this transition of power in afghanistan. general allen was already set to depart as -- as far as being the top u.s. commander in afghanistan. and this is a critical time, as president obama figures out what to do with those remaining 68,000 combat troops, u.s. troops set to leave afghanistan by the end of 2014. the thing is, as the hill, as democrats and republicans come back to the hill this week, the confirmation hearing for general joseph dunford who is set to replace general allen, that was scheduled for thursday, as well. and it will go ahead as planned, even though the confirmation hearing has been delayed. >> brianna "the washington post" has a report speculating who may replace secretary of state hillary clinton, and also who may move in to the defense department. what can you tell us about that. >> that's right. so a lot of people, zoraida, as you know, were talking about senator kerry, perhaps he might be som
talk about the fiscal cliff and how to move forward. of course, the other issue, and you heard nick touch upon this, is this transition of power in afghanistan. general allen was already set to depart as -- as far as being the top u.s. commander in afghanistan. and this is a critical time, as president obama figures out what to do with those remaining 68,000 combat troops, u.s. troops set to leave afghanistan by the end of 2014. the thing is, as the hill, as democrats and republicans come back...
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president and also house speaker making public statements today about the economy and the fiscal cliff. so markets clearly waiting to see what those two gentlemen have to say about where we go from here. >> ahead on "starting point" this morning, is there a civil war brewing within the republican party? some critics say the tea party is to blame. up next we'll get reaction from tea party organizer kelly carender. and a new warning, what parents should know about nesquik. that's ahead. ger. you see us bank on busier highways. on once empty fields. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. 100% new. 100% mmm... wow, that is mmm... it's so mmm you might not believe it's a hundred calories. new yoplait greek 100. it is so good. and i was told to call my next of kin. at 33 years old, i was having a heart attack. now i'm on a bayer aspirin regimen. [ male announcer ] be sure to
president and also house speaker making public statements today about the economy and the fiscal cliff. so markets clearly waiting to see what those two gentlemen have to say about where we go from here. >> ahead on "starting point" this morning, is there a civil war brewing within the republican party? some critics say the tea party is to blame. up next we'll get reaction from tea party organizer kelly carender. and a new warning, what parents should know about nesquik. that's...
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chief among them, reaching a deal to avoid the so-called fiscal cliff, a series of tax increases and spending cuts set to take effect next year. >> the decisions confronting congress over the next four months are bigger than i think most of us have seen in our lifetime, at least on the fiscal matter. >> it's not just the fiscal cliff. >> most people think we need fundamental tax reform, cuts in spending and entitlement reform. there's no indication the new congress will be willing to do that either short-term in the lame duck or longer term. >> so the forecast for the next congress, more of the same. athena jones, cnn, washington. >> and we have more on the race to the white house. first lady michelle obama is expected to speak any minute now in southern ohio. you're looking at live pictures right now. looks like a gymnasium of the university auditorium there. we'll take you there as soon as michelle obama enters. ♪ ♪ ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. >>> it is indeed crunch t
chief among them, reaching a deal to avoid the so-called fiscal cliff, a series of tax increases and spending cuts set to take effect next year. >> the decisions confronting congress over the next four months are bigger than i think most of us have seen in our lifetime, at least on the fiscal matter. >> it's not just the fiscal cliff. >> most people think we need fundamental tax reform, cuts in spending and entitlement reform. there's no indication the new congress will be...
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. >>> for how the white house is reacting to this and whether it could weigh on the fiscal cliff deal, we turn to brianna kieler joining us from washington. brianna, where does the obama administration stand right now with all of this? >> reporter: well, right now we are hearing from the white house who says this won't affect the president's attention to the fiscal cliff situation. that said, we do know that he has had to spend time on this. a limited amount of time in the words of white house press secretary jay carney, but we also know that a lot of staff hours have had to go to dealing with this situation with generals petraeus and allen. yesterday this was the first press conference that we had a chance to ask jay carney about this situation. and he said that the president thinks very highly of general allen, of his service to his country, of the job he's done in afghanistan. and one reporter asked if he, if the president has the full faith, or if general allen, i should say, has the full faith of president obama. and here's what carney said. >> he has faith in general allen, beli
. >>> for how the white house is reacting to this and whether it could weigh on the fiscal cliff deal, we turn to brianna kieler joining us from washington. brianna, where does the obama administration stand right now with all of this? >> reporter: well, right now we are hearing from the white house who says this won't affect the president's attention to the fiscal cliff situation. that said, we do know that he has had to spend time on this. a limited amount of time in the words...
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talking about this looming fiscal cliff. and unless congress and the white house can reach a deal on cutting the deficit, we're heading over it. we just heard from the president who says solving the fiscal cliff is simple math. >> i know the math pretty well. and it really is arithmetic, not calculus. >> let's bring in the author of the book "how to really ruin your financial life and portfolio," ben stein. ben, good to see you. >> nice to see you. >> a high stakes meeting slated for this friday. what can the president afford to give up in these negotiations and how about congressional republicans? what can they give up? >> i think the ideal solution would be to keep the tax increases, to keep the tax increases in place. mr. buffett is completely correct. we need higher taxes. we need higher taxes than the one contemplated in the fiscal cliff. i would be extremely worried about the cuts in defense. we live in an extremely challenging world. i hate to see the u.s. cut one dollar out of defense when as long as we have enemies
talking about this looming fiscal cliff. and unless congress and the white house can reach a deal on cutting the deficit, we're heading over it. we just heard from the president who says solving the fiscal cliff is simple math. >> i know the math pretty well. and it really is arithmetic, not calculus. >> let's bring in the author of the book "how to really ruin your financial life and portfolio," ben stein. ben, good to see you. >> nice to see you. >> a high...
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about the fiscal cliff. no details or word of progress or future talks with just 26 days remaining to get a deal done. another prominent republican is breaking ranks. tom coburn, a leading conservative and fiscal hawk saying he'd prefer raising taxes on the wealthy as a way to raise revenues. >>> a bitter turf war between twitter and instagram elle cl escalating. no one on twitter will be able to see the images posted on instagram. instagram's goal is getting people to post more photos on their site. >>> a man cannot have any more children until he shows proof that he can actually afford those children. 44-year-old corey curtis is charged with failure to support two of the nine children that he's fathered with six women. he owes $85,000 and says he is ready to abide by the judge's order. >> good idea. >> all right. the grammy nominations announced in style with a star-studded concert, jay z and kanye west were among the six artists tied for the most nominations, six apiece. the grammy awards ceremony, music'
about the fiscal cliff. no details or word of progress or future talks with just 26 days remaining to get a deal done. another prominent republican is breaking ranks. tom coburn, a leading conservative and fiscal hawk saying he'd prefer raising taxes on the wealthy as a way to raise revenues. >>> a bitter turf war between twitter and instagram elle cl escalating. no one on twitter will be able to see the images posted on instagram. instagram's goal is getting people to post more photos...
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house speaker john boehner and the president are hoping to break the fiscal cliff ice. now we're just mixing metaphors, left and right. speaking on the phone, 26 days left, of course, until we tumble over the cliff or slide down the slope or fall off the precipice or however you want to put it. we could, of course, face massive tax hikes, spending cuts. that's what the fiscal cliff is all about. it would all start with the start of the new year. i want to get to senator jeff merkley. he's a democrat from the state of oregon. he's on both the budget committee and the banking, housing, and urban affairs committee. nice to have you with us, sir. thanks for joining us. >> you're welcome. >> thank you. before we get to fiscal cliff, let's talk a little bit about syria. there are now reports that they may be loading the components that would make up sarin gas. and i'm curious to know and i think a lot of people are watching this, does this mean that we are headed, the united states is headed into military action considering what we know about the red line, if you will, that h
house speaker john boehner and the president are hoping to break the fiscal cliff ice. now we're just mixing metaphors, left and right. speaking on the phone, 26 days left, of course, until we tumble over the cliff or slide down the slope or fall off the precipice or however you want to put it. we could, of course, face massive tax hikes, spending cuts. that's what the fiscal cliff is all about. it would all start with the start of the new year. i want to get to senator jeff merkley. he's a...
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toward averting so-called fiscal cliff. this meeting was 45 minutes long this time. over the weekend, the speaker proposed raising tax rates on those making over a million dollars a year. cnn has learned he's also proposing a one-year extension of the government's borrowing limit, which could avert yet another ugly debt ceiling debate. meanwhile, congressional source tells us in exchange, speaker boehner is pushing for a trillion dollars in spending cuts including to medicare, which so far the white house has opposed, and for now the president is also holding fast to his desire to raise tax rates on incomes beginning at $250,000. a lot less than the million dollars speaker baner is p erbo proposing now. brooke, back to you in newtown. >>> back here live in newtown on this monday, the tragedy here in connecticut, it has many americans debating gun laws. and today one senator, who is a gun owner, is making some surprising comments about what congress should do very soon. [ male announcer ] this is sheldon, whose long dy setti
toward averting so-called fiscal cliff. this meeting was 45 minutes long this time. over the weekend, the speaker proposed raising tax rates on those making over a million dollars a year. cnn has learned he's also proposing a one-year extension of the government's borrowing limit, which could avert yet another ugly debt ceiling debate. meanwhile, congressional source tells us in exchange, speaker boehner is pushing for a trillion dollars in spending cuts including to medicare, which so far the...
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again the white house says $2200 is what the increased tax bill will be because of the fiscal cliff. when you add in the payroll tax holiday and some other expiration of tax goodies that are in there the conservatives over at the heritage foundation say it's more like $4,000 tax bill will rise if congress does -- are they even talking about how to fix it, john? you know these people better than i do. >> they put it off until after the election. all this sounds really bad. what i really want to know is there going to be a bacon shortage? >> the one thing you need to foe about your honey today, do not panic. america do not panic about the reports that there's going to be a bacon shortage. >> i put it on facebook this morning. >> the u.s. is not running out of bacon. the usda yesterday reported record amounts of pork in warehouses in the u.s. now -- >> why did we have that? >> because of the drought this summer prices could go higher next year. you're going to pay more for your bacon. but please don't lose any sleep about this report. it's from the uk pig association, and they're encour
again the white house says $2200 is what the increased tax bill will be because of the fiscal cliff. when you add in the payroll tax holiday and some other expiration of tax goodies that are in there the conservatives over at the heritage foundation say it's more like $4,000 tax bill will rise if congress does -- are they even talking about how to fix it, john? you know these people better than i do. >> they put it off until after the election. all this sounds really bad. what i really...
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Oct 26, 2012
10/12
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what happens when the fiscal cliff hits december 31st? >> that is a real risk. >> will we be back into negative territory? >> this package of automatic spending cuts and tax increases that will hit at the end of this year if nothing is done in congress. >> is it having an affect already? >> it's having an affect on businesses already. businesses have to plan ahead. companies are worried about huge cuts to their contracts next year. people who are thinking about hiring, are you going to hire the next few people? you're going to wait to see what happens. that uncertainty does hangover businesses. it is having an affect. it will have a much bigger effect if we go over it and it stays. >> zanny beddoes, thank you for crunching the numbers in real time as they came in. >>> the perfect storm is what they're calling it. bearing down on the east coast of the united states, hurricane sandy. it's already killed 21 people in the caribbean. it's now threatening millions of people from virginia all the way up to new england. right now sandcy moving no
what happens when the fiscal cliff hits december 31st? >> that is a real risk. >> will we be back into negative territory? >> this package of automatic spending cuts and tax increases that will hit at the end of this year if nothing is done in congress. >> is it having an affect already? >> it's having an affect on businesses already. businesses have to plan ahead. companies are worried about huge cuts to their contracts next year. people who are thinking about...
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cliff? >> reporter: look. everybody is expecting to head in to negotiations on this quickly. there's full plans here at white house for quick entrance to in to the discussions and the president has no plans, brooke, to give any kind of major speech, any kind of address on economic policy or on the fiscal cliff and their view that the president laid out his rigs for a grand bargain for the negotiations when they were talking about first the grand bargain back in the summer last year and then when congress was negotiating that super committee. but they're prepared to deal. you know? to create some sort of room for negotiation. one thing we know is that the white house said point-blank the president would veto any proposal to raise taxes or, sorry, that keeps the bush tax cuts for people making $25,000 or more. so that's sort of a nonstarter. so, you know, the battle lines are drawn. we'll see where the first offer comes in from which side but he does look like both sides are willing to negotia
cliff? >> reporter: look. everybody is expecting to head in to negotiations on this quickly. there's full plans here at white house for quick entrance to in to the discussions and the president has no plans, brooke, to give any kind of major speech, any kind of address on economic policy or on the fiscal cliff and their view that the president laid out his rigs for a grand bargain for the negotiations when they were talking about first the grand bargain back in the summer last year and...
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Nov 16, 2012
11/12
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CNN
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with congressional leaders to confront the so called fiscal cliff. spending cuts and huge tax hikes for everyone will kick in in six weeks unless they can reach a deal. the president spoke before the meeting. >>> i think we're all aware that we having some urgent business to do. we have to make sure that taxes don't go up on middle class families welcome that our economy remains strong, and creating jobs, and that's an agenda that democrats, republicans, and house today. >> it was a very important meeting. this was really the first face to face, and the first is very important even though it's just the beginning as top leaders kick off negotiations of how to avoid the looming economic crisis that we have dubbed the fiscal cliff that we're facing at the beginning of the new year. they didn't strike a deal in the meeting, they didn't talk numbers, so to speak, but they did emerge optimistic, confident they would get there, and all saying the same word. it was constructive. >> to show our seriousness, we've put revenue on the table as long as it's accom
with congressional leaders to confront the so called fiscal cliff. spending cuts and huge tax hikes for everyone will kick in in six weeks unless they can reach a deal. the president spoke before the meeting. >>> i think we're all aware that we having some urgent business to do. we have to make sure that taxes don't go up on middle class families welcome that our economy remains strong, and creating jobs, and that's an agenda that democrats, republicans, and house today. >> it...
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chief among them, reaching a deal to avoid the so-called fiscal cliff, a series of tax increases and spending cuts set to take effect next year. >> the decisions confronting congress over the next four months are bigger than i think most of us have seen in our lifetime. at least on the fiscal matters. >> reporter: it's not just the fiscal cliff. >> most people think we need some fundamental tax
chief among them, reaching a deal to avoid the so-called fiscal cliff, a series of tax increases and spending cuts set to take effect next year. >> the decisions confronting congress over the next four months are bigger than i think most of us have seen in our lifetime. at least on the fiscal matters. >> reporter: it's not just the fiscal cliff. >> most people think we need some fundamental tax
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let's stop calling it a fiscal cliff. that's ben bernanke, the chairman of the fed, who did not see a housing bubble coming. it's a slope. it's a curve. it's not like the debt ceiling. >> pete just filibustered you, ana. >> i think he's completely wrong. and i think most experts are saying -- most responsible experts are saying, look, this is the last thing we need in the midst of a recovering economy. it's going to affect investment. it's going to affect hiring. it's going to affect psyche. it's going to affect the markets. i think it is the last thing -- business people are saying we don't want this. those are the guys that are driving investment, driving hiring. this would be also a very bad tone to set. if these two factions, the republicans, congress and the president cannot come to an agreement, it sends a very bad omen for what will be the rest of the legislative agenda for a second obama term. it is a good thing to agree, pete. in my mind, it's a good thing to agree. it's very good the democrats don't have too muc
let's stop calling it a fiscal cliff. that's ben bernanke, the chairman of the fed, who did not see a housing bubble coming. it's a slope. it's a curve. it's not like the debt ceiling. >> pete just filibustered you, ana. >> i think he's completely wrong. and i think most experts are saying -- most responsible experts are saying, look, this is the last thing we need in the midst of a recovering economy. it's going to affect investment. it's going to affect hiring. it's going to...
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Nov 12, 2012
11/12
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CNN
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. >> let's talk quickly about the fiscal cliff because it's 50 days to the fiscal cliff. president obama, as you know, has invited congressional leaders to the white house on friday. for those who don't know, we were talking about $60 billion worth of tax hikes and spending cuts at the end of december. it will affect 90% of americans. i think everyone agrees there will be some sort of compromise, right? the question is, richard, what will it look like? >> i think the message from the election to everyone is that people want government to work and i think the moment is right. i mean, there's a mood after the election where people want republicans and democrats to come together to reach some common ground. so i do think they will come to an agreement. we don't know exactly what the agreement is. i think president obama is right to stand firm, to stand his ground, and say that any deal is going to have to involve increasing the tax rates on the wealthiest americans. and i think that should be the case. and hopefully the republicans will come around to this. but yet i think t
. >> let's talk quickly about the fiscal cliff because it's 50 days to the fiscal cliff. president obama, as you know, has invited congressional leaders to the white house on friday. for those who don't know, we were talking about $60 billion worth of tax hikes and spending cuts at the end of december. it will affect 90% of americans. i think everyone agrees there will be some sort of compromise, right? the question is, richard, what will it look like? >> i think the message from...
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Sep 27, 2012
09/12
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we'll get a bunch of economic data today and congress hands you a fiscal cliff. the fiscal cliff hasn't even happened yet. i can tell you it is already hurting jobs. ceos of fortune 500 companies are warning they will hire fewer people. the boeing ceo, james mc mcerni. you certainly won't build a new plan. you'll be on hole. this was say survey conducted by the business round table, a lobbying group of the big ceos of top companies. 29% 6 the krezs said they expect to hire more employees. 29%? we need 100% to be hiring. that's down from a 36% in the last quarter. also in the fiscal cliff would be the loss of a tax credit for sending a kid to college. right? fiscal cliff has a lot of different parts of it. >> it's funny. i thought we had to wait until it happened in order to feel the rules. >> it's happening now. a lot of people are telling many he, people in washington especially, don't worry, at the 11th they're going to fix it. i cover companies. i'm saying the 11th hour is too late. the uncertainty in december from a very heated and painful period, when we wer
we'll get a bunch of economic data today and congress hands you a fiscal cliff. the fiscal cliff hasn't even happened yet. i can tell you it is already hurting jobs. ceos of fortune 500 companies are warning they will hire fewer people. the boeing ceo, james mc mcerni. you certainly won't build a new plan. you'll be on hole. this was say survey conducted by the business round table, a lobbying group of the big ceos of top companies. 29% 6 the krezs said they expect to hire more employees. 29%?...
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, aren't you sort of in a similar position of having a stalemate, especially with a fiscal cliff that is looming? how do you fix that? what would you say is like here is the thing to get beyond that? >> the american people -- well, you know, i'm reminded once again of what yogi berra once said. predictions are dangerous things, particularly about the fewer. your asking me to predict not knowing what the outcome of today is going to be. i would hope and pray that the american people would have their voices heard. and that is we have a spending problem in washington. we don't have a taxing problem. what we've had under president obama and the democrats is spending has gone from roughly 20% of our economy up to 25. and over the course of the next generation, it's going to 40%. it is unsustainable. taxes typically are about 18.5% of the gdp. they're a little less now because the economy has langu e languished under president obama. we all know that will come back. it is a spending challenge. until we have a president -- you can't solve the problem, soledad, unless the president is willing
, aren't you sort of in a similar position of having a stalemate, especially with a fiscal cliff that is looming? how do you fix that? what would you say is like here is the thing to get beyond that? >> the american people -- well, you know, i'm reminded once again of what yogi berra once said. predictions are dangerous things, particularly about the fewer. your asking me to predict not knowing what the outcome of today is going to be. i would hope and pray that the american people would...